Neither the value nor the timeline of the acquisition was disclosed. For more information on the Piaggio sale, please see Piaggio Aerospace solicits buyer.

it was eventually put up for sale in 2020. Continuing under the direction of administrators while awaiting a buyer, the company was restructured and new orders secured. By 2022, Piaggio had achiev ...

No figure for the sale was given. "After six years of waiting we are giving a future to Piaggio Aerospace, a strategic asset for our country," Enterprise Minister Adolfo Urso said in the statement.

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Italy has approved the sale of Piaggio Aerospace, the country’s aviation giant, to the Turkish unmanned combat aerial vehicle (UCAV) producer Baykar. "The world’s largest UCAV company ...

The Italian government has cleared the sale of Piaggio Aerospace to Turkish unmanned air vehicle maker Baykar Technologies. After examining three bids for Piaggio, which has been in extraordinary ...

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ROME, Dec. 27 (Xinhua) -- Italy's Ministry of Enterprises and Made in Italy authorised the sale of Italian aviation company Piaggio Aerospace to Turkish drone maker Baykar, according to the ...

ROME, Dec 27 (Reuters) - Turkish drone maker Baykar has bought Italian aircraft producer Piaggio Aerospace, Italy's industry ministry said on Friday, without disclosing financial details.

Baykar outbid two other offers for the sale, according to the ministry’s statement, though the value of the deal was not disclosed. Piaggio Aerospace was launched in 1884, and specializes in ...